DEF: Some Senators Submit "Anti-DeFi" Amendments, Potentially Weakening Safeguards in the CLARITY Act

Odaily News, Eleanor Terrett reports that after members of the U.S. Senate Banking Committee submitted over 100 amendments to the CLARITY Act last night, the DeFi Education Fund (DEF) is tracking what it calls "anti-DeFi amendments" and urging supporters to pressure senators to oppose these amendments ahead of the bill's consideration tomorrow.

According to DEF, the amendments come from Democratic Senators Catherine Cortez Masto, Andy Kim, Chris Van Hollen, Elizabeth Warren, and Jack Reed. They involve weakening the Blockchain Regulatory Certainty Act (BRCA), restricting protections for non-custodial software developers and DeFi frontends, adjusting tokenization provisions, and expanding BSA/AML obligations for developers and digital asset enterprises.